U.S. Xpress to pay down term loan borrowings with note proceeds

By Sara Rosenberg and Paul A. Harris

New York, July 11 – U.S. Xpress Enterprises, Inc. expects to repay its term loan and 2007 restated term loan using proceeds from a $320 million senior note offering, according to a market source.

U.S. Xpress is a Chattanooga, Tenn.-based intermodal freight company.

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